Bank credits vulnerable to falling oil prices — MPC member

Nike Popoola Falling prices in the oil and gas sector which gulp 26 per cent of the credit in the banking sector exposes the lending institution’s risk exposure to non-performing loans. A member of the Monetary Policy Committee, Adamu Lametek, said this in his personal statement which was released by the CBN following the last
Read the rest of the story on The Punch News

Added July 04, 2020
from The Punch News